CTECH: ISRAEL AT WAR: Tech Industry Mobilizes
Entrepreneurs launch Israeli Children’s Fund, expected to raise $100m for children affected by the 10/7 tragedy. “These children represent our collective future and we are committed to doing everything in our power to help them overcome and thrive,” said Amit Rosenzweig, one of the figures behind the project. Read more
Israeli high-tech leaders boycott Web Summit over organizer’s critique of Israel’s actions. Prominent Israeli entrepreneurs reacted strongly to Paddy Cosgrave’s statements regarding Israel’s conduct during the recent conflict with Hamas. Read more
Wexner Foundation cuts ties with Harvard after Israeli billionaire Ofer quits board. The Foundation noted the “dismal failure of Harvard’s leadership to take a clear and unequivocal stand against the barbaric murders of innocent Israeli civilians by terrorists last Saturday.” Read more
Israeli defense industries divert weapons production lines due to Gaza war. Elbit Systems, IAI, and Rafael were already loaded with orders from abroad due to the war in Ukraine, but demand has now increased locally with the Gaza war. Read more
AI proving pivotal for online warfare against Hamas. Technology that helps spot misinformation and identify missing loved ones has proven more useful against Hamas than as a tool for weaponry. Read more
Emergency fund established to support struggling early-stage Israeli startups. The Safedome fund plans to invest amounts of up to half a million dollars in about 100 startups by the end of 2023 through a short application process. Read more
Digital Iron Dome – Israeli developers combine forces with major platforms to combat toxic posts. Through Digitaldome, any user can now report toxic content with a single click, combating efforts to undermine Israel’s defensive measures. Read more
A war with Israel would shatter what’s left of Lebanon’s economy. Lebanon has had no president for almost a year, is run by a temporary government, has rising inflation and poverty, and depleted foreign exchange reserves. Will economic considerations prevent Hezbollah from entering into a broad war with Israel? Read more
Telegram CEO insists he will not take down Hamas horrors. Pavel Durov even went as far as making the ridiculous claim that Hamas should be allowed to continue to post on Telegram as it uses the platform to warn Israelis ahead of attacks. Read more
“Historically, every time Israel has gone to war, long term has been a buy side.” War with Hamas threatens funding recovery in Israel’s vital tech industry. Read more
Israel destroys unique surveillance network Hamas hid in domestic solar heaters. The surveillance network was used by the terrorist organization for the purpose of detecting Israeli aircraft over the Gaza Strip. Read more
Google and Microsoft CEOs come out in support of Israel. “Heartbroken by the horrific terrorist attacks on Israel and the escalating conflict,” wrote Microsoft’s Satya Nadella. “Google has 2 offices and over 2,000 employees in Israel. It’s unimaginable what they’re experiencing,” wrote Google’s Sundar Pichai. Read more
Will the Fed halt interest rate hikes in the aftermath of Israel-Hamas war? Wall Street estimates that the sharp rise in US government bond yields and the fear that the war with Hamas will escalate into a widespread and protracted war in the Middle East increase the chance that interest rates in the US will not rise again this year. Read more
Arms manufacturers’ stocks surge worldwide following Hamas attack. As the Gaza conflict unfolds, arms manufacturers globally witness significant stock price gains. Read more
Thousands come out for and against Israel as protests commence globally. World leaders may be sending their ‘thoughts and prayers’ and calling for peace, but communities around the world may feel differently. Read more
Tech industry mobilizes: Israeli startups reevaluate operations amidst reserve call-up. Many senior executives, including founders, in Israeli and foreign startup companies have been called up for IDF reserve service, severely harming companies relying on young workers. Read more
Tech-driven defense fails to prevent Hamas’ Gaza onslaught. The gap between what we thought we knew about the spectacular technological capabilities of the Israeli security system and the collapse of the defense mechanisms on Saturday, were no coincidence. Technology sometimes actually reduces strategic thinking. Read more
Global tech giants stand with Israel: Companies and funds offer support and donations. Foreign tech giants and venture capital funds have expressed solidarity with Israel following murderous Hamas attack. Read more
Hard facts vs fake news: Filtering the truth in the war with Gaza. The fastest information regarding what is happening in the Gaza Strip was provided by the social networks over the weekend, but at the same time, a malicious fake news industry flourished. Read more
Israel Police freezes Hamas crypto accounts on Binance. The accounts had been utilized by the terrorist organization to solicit donations through social media. The freezing operation was conducted with the assistance of cryptocurrency exchange Binance. Read more
Sale of foreign currency by Bank of Israel fails to stop shekel devaluation, dollar hits 7-year high. The American currency jumped by more than 2% against the shekel after Hamas’ murderous attack. The Bank of Israel unexpectedly announced the sale of $30 billion worth in foreign currency in an attempt to curb the sharp retreat in the shekel. Read more
Hamas used Gaza economy as part of its deadly deception. The terror group publicly complained of financial problems, but proved that it has more than enough resources to invest in an attack on Israel. The price will be paid by the Palestinian people who live in the Gaza Strip, whose welfare is only secondary to the ideology of Hamas. Read more
Israeli entrepreneur creates ‘Swords of Steel’ database for missing persons amidst Gaza war. Yuval Keshtcher’s platform allows families to search for missing loved ones, following the rise in missing persons and casualties since Hamas’ surprise attack on Saturday. Read more
Nas Daily: “From today forward, I view myself as Israeli first, Palestinian second.” The prominent content creator had previously emphasized his Palestinian heritage, but after the attacks by Hamas has decided to put Israel first. Read more
Israel’s tech sector could face disruptions after attacks, investors say. Israel’s technology sector had already been facing a slowdown in 2023, exacerbated by internal political conflict and protests. Read more